DailyPlay for Wednesday Dec 28th, 2016 – Prudential Financial (PRU)
The bullish DailyPlay we chose for Wednesday Dec 28th is Prudential Financial (PRU). PRU is part of the FInancial Sector (XLF). Over the last month, XLF has experienced a 5.83% move higher and it’s 1m and 6m trend turned bullish on 11/8 and recently bounce higher off its $23 support level.
Prudential Financial (PRU)’s 1m and 6m trends turned bullish on 11/3 and recently bounced higher off its $105 support level. With a technical score of 9 (out of 10), PRU looks positioned to continue this strong bullish trend higher.
As a stop loss, if PRU was to trade below $105 for multiple days, this would invalidate our analysis and suggest getting out of the trade.